Silver ETFs surged by 37% in January but fell sharply by 23% on January 30 as profit booking ensued. Silver prices hit a 6% lower circuit on February 1 amid a global selloff, raising concerns about the end of the rally despite strong gains in January.

Despite market volatility, India's IPO market thrived with over 350 listings since the last Union Budget, primarily from SMEs. Retail investor participation surged, leading to strong responses in many IPOs, although post-listing performance varied significantly, with 57% trading below issue prices.

Solar stock Fujiyama Power Systems hit its 10% upper circuit in morning trade on Sunday ahead of Nirmala Sitharaman's Budget 2026 speech. Fujiyama Power Systems' share price opened at ₹208 against its previous close of ₹198.90 and soared 10% to its upper circuit level of ₹218.75.

Budget 2026: According to brokerage firm Bajaj Broking, the government’s overarching focus appears to be on sustaining structural growth while revitalising domestic demand.

Gold prices crashed 9% on MCX in intraday trading on Sunday to ₹136,185 per 10 grams. MCX Silver rate today also tanked 9% to ₹265,652.